Yes, it could well be that the lifecycle of CAR will extend for some time yet! That's one thing I've learned from a couple of decades of investing, don't for a moment think that great businesses that have delivered for many years are now 'past their best'. Many find ways to keep on delivering!
Spare a thought for Nine Entertainment who have left over $5.5 Billion on the table. Having sold their 49% stake in CAR back in 2011 for $566 Million, that stake would be worth $6,100 Million today. That's more than 10 X over the 13 years. Considering Nine's market capitalisation is $3.2 Billion, their shareholders have missed out on 170% upside in value because of that dumb decision to sell out.
Ann: FY24 Half Year Results Presentation, page-3
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Last
$34.20 |
Change
-0.350(1.01%) |
Mkt cap ! $12.89B | |||
| Open | High | Low | Value | Volume |
| $34.82 | $34.91 | $34.20 | $91.81M | 2.678M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4074 | $34.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $34.21 | 1 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| CAR (ASX) Chart |